By BUUMBA CHIMBULUBARRICK Gold reported a 78 percent jump in first-quarter profit of 2021 owing to rising gold and copper prices on the market.Stronger prices helped boost Barrick’s revenue from its copper mines in Chile, Saudi Arabia and Zambia by 31 percent from the fourth quarter.Toronto-based Barrick on Wednesday reported a first-quarter profit of US$538 million, up from US$400 million a year ago, as revenue rose to nearly US$2.96 billion from US$2.72 billion.Adjusted profit surged 78 percent to US$507 million in the quarter ended March 31, from US$285 million a year earlier, and Barrick announced a nine cent per share quarterly dividend.This is according to Barrick Gold Chief Executive Officer, Mark Bristow, who said this during a conference call to discuss Barrick’s results from the first three months of the year 2021. Mr Bristow said copper stood to grow in importance for the world’s second-biggest gold miner after 10-year-high prices for the commodity bolstered its […]
Barrick Gold posts 78p.c. profit
